Maybank Securities (Thailand) PCL operating margin has been in a 5-year decline. The average rate of decline per year is -12.7%.
The historical rank and industry rank for Maybank Securities (Thailand) PCL's Operating Margin % or its related term are showing as below:
BKK:MST-R'
s Operating Margin % Range Over the Past 10 Years
Min: -10.15 Med: 24.36 Max: 32.11
Current: -10.15
BKK:MST-R's Operating Margin % is ranked worse than 71.99% of 664
companies
in the Capital Markets industry
Industry Median: 6.955
vs BKK:MST-R: -10.15
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
Maybank Securities (Thailand) PCL Operating Margin % Related Terms
Maybank Securities (Thailand) PCL Operating Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BKK:MST-R vs MS, GS, SCHW: Operating Margin % Comparison
For the Capital Markets subindustry, Maybank Securities (Thailand) PCL's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Maybank Securities (Thailand) PCL Operating Margin % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Maybank Securities (Thailand) PCL's Operating Margin % distribution charts can be found below:
* The bar in red indicates where Maybank Securities (Thailand) PCL's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Maybank Securities (Thailand) PCL (BKK:MST-R) has a Operating Margin % of 30.23% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on Maybank Securities (Thailand) PCL and its competitors. This is 24% above median its historical median of 24.36. According to the industry distribution chart, Maybank Securities (Thailand) PCL ranks #478 out of 664 companies in the Capital Markets industry, placing it in the top 72%.
Is Maybank Securities (Thailand) PCL's Operating Margin % too high?
Maybank Securities (Thailand) PCL's current Operating Margin % of 30.23% is 24% above median its 10-year median of 24.36. The Capital Markets industry median Operating Margin % is 6.96. Maybank Securities (Thailand) PCL's value of 30.23% is 334.7% above this industry median. Based on the distribution chart, Maybank Securities (Thailand) PCL ranks #478 out of 664 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Maybank Securities (Thailand) PCL's Operating Margin % compare to MS and GS?
According to the Capital Markets industry distribution chart, Maybank Securities (Thailand) PCL ranks #478 out of 664 companies for Operating Margin %. This places Maybank Securities (Thailand) PCL in the lower half of its industry. The industry median Operating Margin % is 6.96. Maybank Securities (Thailand) PCL's value of 30.23% is 334.7% above this benchmark. While the company's 10-year median is 24.36 vs. the industry median of 6.96, Maybank Securities (Thailand) PCL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Capital Markets company?
The median Operating Margin % among Capital Markets companies is 6.96, based on 664 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maybank Securities (Thailand) PCL's current Operating Margin % of 30.23% is 334.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on Maybank Securities (Thailand) PCL and its competitors. For the Capital Markets industry, the median Operating Margin % is 6.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maybank Securities (Thailand) PCL's current Operating Margin % is 30.23%, which is 24% above median its own 10-year median of 24.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maybank Securities (Thailand) PCL stock overvalued right now?
Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Operating Margin % of 30.23%. The stock's GF Value™ is ฿6.44, compared to a current price of ฿6.85 — trading 6.4% above its estimated fair value. The current Operating Margin % is 30.23%, which is 24% above median its 10-year median of 24.36 and 334.7% above the Capital Markets industry median of 6.96. Maybank Securities (Thailand) PCL's overall GF Score™ is 59/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For Maybank Securities (Thailand) PCL (BKK:MST-R), the current Operating Margin % is 30.23% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?
Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued.
The current stock price of ฿6.85 is trading 6.4% above its estimated GF Value™ of ฿6.44.
Key valuation signals for BKK:MST-R:
Operating Margin %: 30.23% (24% above median its 10-year median of 24.36)
GF Value™: ฿6.44 vs. price of ฿6.85 (6.4% above fair value)
Industry Position: 334.7% above the Capital Markets median (#478 of 664)
No single metric tells the full story. See the BKK:MST-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maybank Securities (Thailand) PCL Business Description
Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.
59GF Score
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